Persistence Market Research (http://ift.tt/1tOfurj) forecasts the global hearing aids market will continue to grow and reach $10.91 billion by 2024, with North America leading with over $4,600 million in market revenue as the most attractive regional market. The third-platform research firm's report cites favorable reimbursement policies, gradual increase in disposable income, increasing global geriatric population, and an increase in the prevalence of hearing impairment as the driving forces behind the hearing aids market growth.
Among product types, behind-the-ear hearing aids are anticipated to be the highest contributor to the global market by the end of 2016, followed by receiver-in-the-ear hearing aids. Digital hearing aids, however, are expected to be the fastest growing and most attractive segment from now to 2024, generating over $2,700 million in estimates. For the end-user market, audiology clinics will dominate the highest percentage gain in market share over the next eight years.
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